primecoin-xpm-earnings

We already talked a bit about the Primecoin (XPM) alternative cryptocurrency and have mentioned that it has good potential for growth, so it might be a good idea to mine some XPM now and keep them with the idea that the exchange rate will increase along with the interest in this crypto currency over time. At the moment Primecoins can only be mined with the CPU of a computer, so you can combine Primecoin mining on the CPU with Litecoin mining on the GPU on the same system and make some extra profit from that if you are already mining LTCs on one or more computers. You can of course mine XPM on pretty much any computer, but the more powerful the processor is the better and the same goes for the number of cores, the more – the better.

We’ve decided to give it a go with two systems using different processor for 24 hour time period in order to see what profit we are going to make. Both of the systems are mining Litecoin on the GPU, but that does not interfere as long as you set the cgminer processor affinity to just a single core if using Windows. We have decided to use one of the biggest Primecoin pools for the test – ypool, though the pool also offers other alternative cryptocurrency mining options.

The two CPUs we’ve used for mining are:
– Intel Core i5 2500K Quad Core 3.3 GHz
– AMD Phenom II X6 1100T Six Core 3.3 GHz

The pool we used for XPM mining is ypool:
– 3% fee
– 1000 confirmations per block

The total earnings for 24 hour period (confirmed + unconfirmed):
– 0.3565483 XPM

The value of the Primecoin mined for 24 hours is as follows:
– 0.04838065 LTC
– 0.00139265 BTC
– ~1.15 USD

A little over $1 USD per day does not seem that much of a profit for the moment, but that is only if you sell the Primecoins now, the wise idea however would be to mine now and save the coins for later, expecting to the exchange rate to go sky high. Anyway, it is up to you to to decide if you want to mine and sell now or mine and save the coins for later.

bitcoin-mining-calculator-quick

Have you wondered what profit can you expect in the short term from a Bitcoin ASIC miner should you decide to invest now in one or if you just got the mining hardware? This is usually not an easy task and there are quite a few bitcoin mining calculators out there to help you in the process. If you need a quick and simple one to give you a quick idea how much you will get from a given hashrate by the end of this difficulty and in the next one, then you might want to check out this tool. In the example above we are calculating the profit we can expect from a 100 GH/s Bitcoin ASIC miner and you can see the results above. You can experiment and try with different values, what you should have in mind that the average difficulty increase is currently about 30% per cycle. Also note that the calculator takes into account the current Bitcoin exchange value and also does not calculator any costs fr electricity, this is something that you need to consider yourself based on the power consumption of your mining hardware as well as on the price of electricity per kW/h.

To try the quick and simple Bitcoin Mining Calculator shown in the example above…

emercoin-logo

Emercoin (EMC) is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. Emercoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Emercoin is also the name of the open source software which enables the use of this currency. EMC is a hybrid of NameCoin and PPCoin that is more focused on the production of coins by PoS than PoW mining.

Website:
http://emercoin.com/

Block Explorer:
https://emercoin.mintr.org/
http://darkgamex.ch:2752/chain/Emercoin

Coin Specifications

  • SHA256 Algorithm
  • Total coins: 1 * 10^9 EMC
  • Award for block is 5020 EMC (decreases depending on complexity)
  • PoW block spacing changes from 10 seconds to 10 minutes depending on number of found blocks and difficulty
  • Difficulty is recalculated each block
  • PoS rewards: 6% per year
  • Confirmations for new block: 32

Wallet:
Online Staking Wallet
Windows

Source Code:
at GitHub

Ports:
– RPC Port: 8100
– P2P Port: 8101

Mining Pools:
https://pool.emercoin.com/
http://emc.cryptopool.farm/

Coin Exchanges:
Livecoin
Bittrex
Cryptopia

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